A potential savings of $170,000 is the driving force behind a move to refinance over $3.5-million in General Obligation Bonds in Alton. The city council approved a resolution that will now go through the ordinance process. Stephen Adams, Vice President of Bernardi Securities, says rates are in a good place now.
Click here for Adams' comments
In other council action, the move to award tire service contracts to D&D Tire Service of South Roxana was given final approval, and the city will adopt a policy of abating sewer service fees on commercial property during the time the property has no water service. This basically mimics the policy the city has in place for residential properties.